Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger responded to calls from industry stakeholders and senators for the bureau to update TILA-RESPA Integrated Disclosure (TRID) requirements to improve the accuracy of information collected.
Her response indicated that any potential TRID changes may not happen until at least 2020, when the bureau is statutorily required to assess the rule’s effectiveness.
Find out more details about her response and the concerns raised by stakeholders.